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Why Has the 'Roaring Kitty' Meme Stock Rally Fizzled?
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May 16, 2024
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2:16Now PlayingThe meme stock run that added about $11 billion in value to GameStop and AMC Entertainment in the first two days of the week faltered Wednesday, wiping out a chunk of the gains. The latest rally was spurred by the return to social media by Keith Gill, who drove the meme-stock mania of 2021 under the moniker “Roaring Kitty.” Bloomberg's Charlie Wells has the latest.
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